April jobs report tops expectations, unemployment rate falls to 4.4%

[AntonToo]

The April jobs report is out and it’s a beat.

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.

Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The the annual increase in wages, however, disappointed with wages up just 2.5% over the same month last year. Economists had expected a 2.7% increase in wages over the prior year. Weekly hours worked were steady at 34.4.

The U-6 unemployment rate, also known as the underemployment rate, fell to 8.6% after hitting a post-crisis low of 8.9% in March. Last month, Gary Cohn, President Trump’s chief economic advisor, said the administration is focused on the underemployment rate.
April jobs report tops expectations, unemployment rate falls to 4.4%
View attachment 124905

Something tells me you didn't create a thread last month when job growth came short of expectancy at 90k.

Trump promised 20 million jobs over 8 years and 4% annual GDP growth and his numbers so far are coming short of promises.

In Q1 GDP was 0.7%, which makes 4% growth right near pipe dream for 2017.

And if job growth persists as it has in Feb, Mar, Apr we will only get 16 million jobs over 8 years...this is assuming economy at no point would have any slow down in 15 years since recession. Historically speaking that would be UNPRECEDENTED level of stability.

 

[Papageorgio]

It is business that creates jobs, not Presidents. Unemployment is down, more jobs created than expected, the wages are up, thank you to the businessmen and entrepreneurs for stepping up and helping Americans in spite of the two feeble political parties and their BS!

Obama set the record for the most and longest continuous months of private sector job grown.in history. Apparently business loved Obama's economic policies.

Obama didn't create one job, not one. Business created jobs, not Congress, business.

Business will form when a need is presented.

 

[Dschrute3]

Nice job Mr. Trump.


U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth.

Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March.

The job gains were broad-based, with hefty increases in leisure and hospitality, healthcare and social assistance as well as business and professional services.

The drop of one-tenth of a percentage point in the unemployment rate took it to its lowest level since May 2007...

Read More:
U.S. job growth rebounds sharply, unemployment rate hits 4.4 percent
DRUDGE REPORT 2017®

 

[Papageorgio]

As Trumpbots try to give Trump credit for this, keep in mind what they were saying just a few days ago,

about the first 100 days. Things like how you couldn't hold it against Trump for not getting things done because he hasn't been in office long enough.

Trump has done a thing, it has been business that created the jobs, not Trump. I find it amusing how people give the President the credit for a job, he did nothing, the business creates the job.

 

[TheOldSchool]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

 

[miketx]

It's good. Can't understand why so much trash is against this.

 

[Dschrute3]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

Aw come on now, control your butthurt. This is some good news for American Workers.

 

[miketx]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

Aw come on now, control your butthurt. This is some good news for American Workers.

Don't fret now. Soon several libs will around to tell you why this is not true and how it's really Obama doing it.

 

[Cellblock2429]

The April jobs report is out and it’s a beat.

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.

Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The the annual increase in wages, however, disappointed with wages up just 2.5% over the same month last year. Economists had expected a 2.7% increase in wages over the prior year. Weekly hours worked were steady at 34.4.

The U-6 unemployment rate, also known as the underemployment rate, fell to 8.6% after hitting a post-crisis low of 8.9% in March. Last month, Gary Cohn, President Trump’s chief economic advisor, said the administration is focused on the underemployment rate.
April jobs report tops expectations, unemployment rate falls to 4.4%
View attachment 124905

Something tells me you didn't create a thread last month when job growth came short of expectancy at 90k.

Trump promised 20 million jobs over 8 years and 4% annual GDP growth and his numbers so far are coming short of promises.

In Q1 GDP was 0.7%, which makes 4% growth right near pipe dream for 2017.

And if job growth persists as it has in Feb, Mar, Apr we will only get 16 million jobs over 8 years...this is assuming economy at no point would have any slow down in 15 years since recession. Historically speaking that would be UNPRECEDENTED level of stability.

/--- Didn't need to. Libs beat me to it.

 

[NightFox]

The only General Motors that I'm aware of is the inefficient producer who's still holding resources that would have otherwise gone to more efficient producers hostage thanks to their ability to successfully convince politicians to let them loot the public treasury, I guess it pays to be able to buy friends in low places, huh?

It seems you know nothing about industry. GM would have pulled down the entire automotive supply chain, even Ford, who was in great financial shape applauded the government rescuing their competition, because they knew it would have drug them down, rather than freed up assets that would have helped them.

Do you believe that GM's share of the automotive market would have simply evaporated along with all of its capital had it not been able to secure a bail out from the public treasury? Why prop up a inefficient producer at the direct expense of everybody and incur all the opportunity costs to boot? Not to mention fucking over all it's competitors and their investors by de facto forcing them to subsidize GM via the taxes they pay.

We didn't learn from the Japanese experience that all you get from bail outs are zombie corps and the privilege of making your economy less efficient. Creative-destruction is the key to economic efficiency even when it causes short-term disruption, short circuiting it leads to less efficiency, inequity and graft.

The GM fiasco was yet another vote buying scheme that was a direct result of politicians short time horizons between elections and we're still paying for it and that's not even getting into the fact that government and central bankers had a hand in driving GM's business into the ground in the first place.

 

[radical right]

Obama didn't create one job, not one. Business created jobs, not Congress, business.
.

Abraham Lincoln didn't kill one confederate soldier. FDR killed not one German, Obama didn't kill any terrorists. The meme goes on and on and on.

 

[Papageorgio]

Obama didn't create one job, not one. Business created jobs, not Congress, business.
.

Abraham Lincoln didn't kill one confederate soldier. FDR killed not one German, Obama didn't kill any terrorists. The meme goes on and on and on.

Creating jobs and war, yeah, that makes perfect sense. LOL!!!

 

[AsianTrumpSupporter]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

 

[JoeMoma]

The unemployment rate has been dropping for 8 years. You dumb rubes used to call the number you're using now fake.

Right now, 94,276,905 adults are out of the work force.

Yeah, now with a republican president, the republican's and the democrats get to switch talking points.

 

[radical right]

Do you believe that GM's share of the automotive market would have simply evaporated along with all of its capital had it not been able to secure a bail out from the public treasury? Why prop up a inefficient producer at the direct expense of everybody and incur all the opportunity costs to boot? Not to mention fucking over all it's competitors and their investors by de facto forcing them to subsidize GM via the taxes they pay..

When an industry goes bankrupt their assets are sold off at 10 cents on the dollar. Their million dollar machines are cut up for scrap metal. Their industrial assets virtually dissapear into junkyards and landfills. The same would have happened to their parts suppliers.

 

[edthecynic]

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.

Fake numbers according to Tramp, which will be "revised" down like last month's 98,000 jobs revised down to 79,000. Meanwhile there are 94 million not working, up 162,000 who according to Tramp have just given up because the Tramp economy is so bad, but are suddenly counted as employed by Tramp.

"We have 93 million people out of work. They look for jobs, they give up, and all of a sudden, statistically, they're considered employed."
- Donald J Trump Aug. 28, 2015, On Point With Sarah Palin

 

[Cellblock2429]

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.

Fake numbers according to Tramp, which will be "revised" down like last month's 98,000 jobs revised down to 79,000. Meanwhile there are 94 million not working, up 162,000 who according to Tramp have just given up because the Tramp economy is so bad, but are suddenly counted as employed by Tramp.

"We have 93 million people out of work. They look for jobs, they give up, and all of a sudden, statistically, they're considered employed."
- Donald J Trump Aug. 28, 2015, On Point With Sarah Palin

/---- Agreed. we need to change the way UE is calculated.

 

[radical right]

Creating jobs and war, yeah, that makes perfect sense. LOL!!!

Actually it makes perfect sense. The politicians don't kill a single enemy fighter, but they get people to do the killing for them. Same way politicians don't create jobs, but they get people to do the job creation for them. But the meme is that the politicians didn't do what ultimately gets done.

 

[radical right]

Trump if failing miserably. April labor force participation rate drops

Labor force participation ticks down

According to the April jobs report, labor force participation ticked down slightly to 62.9% from 63.0% in March.

Under Trump fewer people are working, despite promising millions of new jobs.

 

[Papageorgio]

Creating jobs and war, yeah, that makes perfect sense. LOL!!!

Actually it makes perfect sense. The politicians don't kill a single enemy fighter, but they get people to do the killing for them. Same way politicians don't create jobs, but they get people to do the job creation for them. But the meme is that the politicians didn't do what ultimately gets done.

Presidents declare war and is a result of direct action on their part. There is no direct action a President makes to create a job at Burger King or Goldman Sachs.